Italy Plans EU47 Billion Package to Cut Deficit

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June 30 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi’s government is set to pass 47 billion euros ($68 billion) of deficit-cutting measures to help balance the budget by 2014 and protect Italy from the fallout of Europe's debt crisis. Bloomberg's Nejra Cehic reports on Bloomberg Television's "First Look." (Source: Bloomberg)

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